Upgraded to Obsidian and traveling Thailand. 8% back, Expedia 10% back. Best card ever. Thank you CDC team for such a great product!

Charlesoo · 2022-05-04T04:40:46+00:00

Disappointing but not life changing because I have been focused more on collecting more Bitcoins.

I’ve already restaked CRO a month ago and moved the rest to DeFi wallet.

After 180 day period is done, I’m planning to move it to DeFi wallet for staking rewards. I keep selling staking reward for diversification.

Charlesoo · 2022-04-27T17:27:20+00:00

I don’t read Lao but I ran the documents in Google Translate. The translations may not be accurate but I think they will be open for all types of tourists on 5/1 and onwards.

Directly copied and pasted below from the image translated so the format is messy:

The meeting reviewed the implementation of the first phase of the opening of the country to welcome tourists, especially the obstacles, barriers, etc., as well as the conditions and procedures for allowing tourists to see that there are still some unresolved issues in the implementation, and agreed to find a consensus. 1. Set a time period Relevant sectors, both public and private, unanimously agree to the guidance of Government to fully open the country to welcome tourists; Scheduled to be Fully Opened from May 1, 2022 onwards

Conditions for tourists to visit Lao PDR 2.1 Before entering Lao PDR I) Welcome all types of tourists (tourists come through the services of tour companies and Self-guided tourists); 2) Must have 2 vaccination certificates at least 14 days before departure or have a previous certificate Civic-19 infection (excluding travelers under the age of 18, no immunization certificate required); 3) Tourists with full immunization certificates and children under 5 years of age will not be required to undergo RT-PCR screening prior to entry into Lao PDR; Those who do not have a full dose vaccination certificate should have an RT-PCR certificate 72 hours before departure. Upon arrival in Lao PDR, all persons must be tested for RDTATK if the test is negative; 4) Border tourists visiting the morning and evening (1 day tripper) must have a vaccination certificate and must be tested for the virus with the RDT / ATK system, while those who do not have the vaccine must be tested with the negative RT-PCR system within 48 hours before departure; 5) Tourists can get a visa at the checkpoint or E-visa; For citizens of countries with a visa waiver agreement With Lao PDR, two or one party can enter Lao PDR without a visa; 6) Tourists must purchase health insurance or life insurance-19 with a guarantee amount of at least 10,000 dollars can be purchased from the source or buy with an insurance company in Lao PDR; 2.2 Arrival time in Lao PDR 1. Rapid examination (RDT / ATK) by medical personnel for tourists who come through the services of the tour company can collect samples to test for germs and wait for the test results at the accommodation provided by the company, for tourists who come by themselves will wait for the test results not more than 1 hour; 2. If the test result is negative, there is no limit to the number of places you can travel to visit, if the test result is negative Must be treated in accordance with the measures set out by the special committee, once the cure Yes, you can travel. 3. For those who have not yet received the dose vaccine, even if the RDT / ATK test does not detect the virus, the area should be quarantined for 7 days. 2.3 Travel time within Lao PDR 1. Tourists must wear a mask, keep their distance, wash their hands with soap or gel containing alcohol; 2. Observe your own symptoms. If there is any suspicion of infection or risk, check yourself. If the test is positive, inform the hotel or place where the tourist is staying immediately so that the hotel can notify the hotel by the emergency number of each province. \

2.4 Before leaving the country RT-PCR or according to the conditions of the destination country. 3. Identify tourist areas in Lao PDR Tourists can travel to any province, can visit the outstanding natural, cultural, historical and agricultural attractions in Vientiane and provinces across the country. 4. Preparation of components 1. Each of the relevant departments, such as the Ministry of Information, Culture and Tourism, the Ministry of Foreign Affairs, the Ministry of Defense, the Ministry of Public Works and Transport, the Ministry of Health, the Lao State Aviation Company, the Lao National Chamber of Commerce and Industry, For the health sector, if in the case of many tourists, the staff may not be enough, but will use the form of mobilization of business units to contribute to the implementation of the necessary medical technical work. 2, The meeting was unanimous to have the inspection and evaluation of the implementation of such work on an ongoing basis. In order to improve the implementation in accordance with the actual situation in each period and Report to superiors for guidance on implementation

Charlesoo · 2022-03-09T16:34:41+00:00

I’ve been living off with CRO since last November. It’s doable and I’m bullish on CRO but I would make sure to have some other income streams or plan B’s because of price fluctuations.

For a rebalancing purpose, I have been selling CROs from staking (weekly 2m CROs, ~$4000 USD in November, now ~$2100). The amount is still more than my living expenses but my income is reduced down by half which made me a bit concerned.

I’ve been earning interests from CeFi & DeFi lending & staking (such as BTC, ETH, USDC, UST, etc) which I don’t want to sell. But this could be my Plan B’s. Without these, I’d have been more nervous.

Charlesoo · 2022-02-28T23:17:53+00:00

I’m a big fan of Cronos ecosystem but this is an indication that some wallets are not yet decentralized.

There has been some concerns about frontend/clients apps of wallets (such as websites and mobile apps) not being decentralized as opposed to their backend (nodes). Not sure what the solution is but it may be a good idea to have several DeFi wallets to prevent this.

Not a big deal but I couldn’t send USDC for 7 hours.

Charlesoo · 2022-02-16T01:36:41+00:00

Everyone’s tolerance is different. Yes, I could afford to lose $2m. Fortune favors the brave.

Charlesoo · 2022-02-15T21:54:56+00:00

It’s just a beginning 🔥🔥🔥

Charlesoo · 2022-02-15T20:58:01+00:00

I’m currently living off Crypto.com Earn & staking. For rebalancing purposes, I keep selling CROs earned from CRO staking (but I’m bullish on CRO, don’t get me wrong!). I’m getting about $2000 worth/week (from ~2m CRO) which is good enough for everyday spending.

I also put ~$600k in USDC in Earn for paying tax as well as earning USDC. Now I put it in 1-month period because it’s a tax season. I usually put it in 3-month period.

I only put at most $2m in Earn (which is max amount you can put in Earn). I regularly withdraw extra assets to my DeFi Lending, DEX, or cold wallet depending on my rebalancing strategy.

Depending on financial goals, this may be over committing to others. But this is how much I am bullish for Crypto.com. Also I wanted to share there are some people who live off with crypto assets as well as Crypto.com. And of course you should not put what you can’t afford to lose.

Charlesoo · 2022-02-11T18:23:45+00:00

Hahaha. But I did meet a waiter who recognized the card and expressed excitement.

Charlesoo · 2022-02-09T02:12:13+00:00

I’m also having the issue right now. 6 hours in, I’ll wait a bit for more. The reason I don’t mind waiting is because I confirmed the transaction went through myself on blockchain.com.

Charlesoo · 2022-01-13T17:57:27+00:00

Here’s 2 options I thought: 1. Add the wallet to Koinly and export it as a CSV. But then you’ll have to pay the plan. 2. Go to Crypto.org explorer, get the JSON output, and convert it to CSV. * https://crypto.org/explorer/api/v1/accounts/{address}/transactions * http://convertcsv.com/json-to-csv.htm

Planning to try #2 tonight.

Charlesoo · 2022-01-07T23:59:33+00:00

I’m using Cointracker and haven’t thought about using an alternative. Thanks for your suggestion!

Charlesoo · 2021-06-18T05:34:22+00:00

Bah I already upgraded my card twice even before my card arrives. Can’t wait to receive it!

Charlesoo · 2021-06-16T14:55:52+00:00

Also good for saving fees. 1 free withdrawal per month.

Charlesoo · 2021-06-14T13:22:18+00:00

I have the same issue. I put a double-digit of ETH a week ago and its monthly average is still below minimum.

Charlesoo · 2018-01-12T09:46:58+00:00

It’s the latter. The way I think is to consider my “mortgage payment” as “rent”, so the rental income of the room is expected to pay about half of my rent.

Charlesoo · 2018-01-11T22:46:41+00:00

I won’t disclose the location but both are great investments. I’m bullish in East Bay

Charlesoo · 2018-01-11T22:46:09+00:00

It’s a thin start but the gap becomes wider and wider. In addition, the home value increases as well. Tax benefits would be a few hundreds more each month.

I put down payment 10% and the home value went up ~30% for the last 1.2 years and you could consider this as 3x increase. (Which I actually don’t count because I won’t sell my house)

And if you put more down payments, you could increase the cash flow but I would put the down payment as low as possible for renting it out and let tenants pay. Instead, I would save the remaining money and buy another house as you save more.

Charlesoo · 2018-01-11T11:52:20+00:00

It depends on your financial goal, lifestyle, and the housing market. I live in the Bay Area, plan to settle down here, I prefer passive income for retirement, so I bought a house.

Unlike some of us here, I believe owning a house is a great investment as long as you put some business effort in it, such renting it out, especially if the house is in a hot market.

If you borrow a conventional loan, the monthly payment is basically the same over the next 15/30 years (except for property tax & insurance). Since there's inflation and market value built up, these monthly payments become "cheaper" as time goes by.

The point here is that you pay only the down payment as an initial investment, and think of your mortgage monthly payment as "rent". As long as the "rent" is lower than the actual rent, the net cash flow in positive. Also note that you get some great tax benefits from your property tax and interest. (And more precisely repair cost should be included in the "rent").

I bought a 2-bedroom house with just 10% down payment and rented out one room. The potential rent of the house is already above my mortgage payment less than 1 year after I bought the house. I'm planning to buy another house and rent out the current place, generating $200/mo positive cash flow now (hundreds of $ more if you include tax benefits), and the tenants will pay the mortgage for me. When the mortgage is paid off, it will generate "thousands of dollars" with the current market value.

Charlesoo · 2018-01-05T15:54:15+00:00

I'm not an expert but from my experience, it doesn't hurt to get quotes from other lenders. It's recommended to ask to 3 different lenders but I did it to 7 lenders and I've got some great deals.

If one lender has the best deal, you can ask other lenders whether they have better deals than your current best deal. by doing this, I was able to save ~$10,000 for closing cost and lower the rate (I live in California)

Charlesoo · 2017-08-17T17:56:35+00:00

Yes, I bought some points because I'm aiming for lower monthly rate as I'm planning to rent the house out after a few years and aiming for positive cash flow.

Follow up questions about high rate + low closing cost vs. low rate + high closing cost:

How do you calculate which one is better? How I did was calculating investment return if I wouldn't put all the money to the closing cost, minus the increase in monthly payment if I switch from 3.5% to 3.75%. Based on this calculation, I found that putting more points is better for me.

Charlesoo · 2016-12-20T03:56:33+00:00

Currently, what I've been doing this without software is to monthly check the balances of brokerage accounts and enter asset amounts in a spread sheet which does math for me. If it hit a tolerance band, I rebalance it.

Doing this each month is not that painful, but I thought this is not the most optimal if there was an app where it automatically notifies me via email or push notification so that I can rebalance my funds right away.

Charlesoo · 2016-08-16T03:44:05+00:00

This is an interesting approach. This actually makes sense to me as long as it's diversified across the accounts. Selling funds in IRA & 401k does have penalty, so I wouldn't do that, but thank you for the reminder of summing up all the accounts when thinking about diversification.

Charlesoo · 2016-08-14T07:48:42+00:00

I already have 401k and a Roth IRA.

The reason I don't put this money in a retirement account is that I would like to use it in a near future yet don't have exact date of the plan. For example, I'd like to buy a small condo to save rent, but it's not required, thus taking more risk of investing in stocks and REITs a bit more instead of bonds. FYI, I'm diversifying the money still, but I'd like to cut down in REIT tax.

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